Abou Jaoude & Associates Law Firm > Beirut, Lebanon > Firm Profile

Abou Jaoude & Associates Law Firm
OMT BUILDING - 266 SAMI EL SOLH AVENUE
PO BOX 116-5079, BEIRUT MUSEUM 1106-2010
BEIRUT
Lebanon

Lebanon > Banking, finance and capital markets Tier 1

Abou Jaoude & Associates Law Firm is a prominent full-service firm in Lebanon, and leverages its ‘knowledge of local law and regulations as well as international practice‘ to advise European and U.S-based lenders on all Lebanese banking and capital markets matters. Souraya Machnouk has ‘in-depth knowledge in the field of regulation and compliance‘, and assisted Credit Suisse Lebanon with its de-registration and liquidation pursuant to its decision to exit the Lebanese market. Managing partner Carlos Abou Jaoude is a highly regarded practitioner.

Practice head(s):

Carlos Abou Jaoude; Souraya Machnouk

Testimonials

‘The team is very knowledgeable in local laws and regulations as well as international best practice. They have very good connections in Lebanon and abroad and have a very good relationship with regulators.’

‘Souraya has in-depth knowledge in the field of regulation and compliance (especially in cross-border banking), and convinces with her independent and authentic manner. She is very friendly and competent. The cooperation is very good and efficient, the output meets all expectations.’

‘They have diverse strengths, and they value qualities such as their deep industry expertise, commitment to client satisfaction, and innovative approaches.’

Key clients

Credit Suisse (UBS Group)

Central Bank of Lebanon

Ernst & Young

New York Life Insurance

NCR Corporation

KPMG

Citigroup

American Express (Amex)

First Abu Dhabi Bank

Commercial International Bank

National Bank of Kuwait

Work highlights

  • Advised American Express (Amex) on the regulatory framework governing the issuance of international currency cards (ICC) on an offshore basis to consumers located in Lebanon by a UK payment institution licensed by the UK Financial Conduct Authority.
  • Assisted KPMG, acting for Swiss banks, on the Private Banking Manual and the Products Offering Manual concerning the cross-border offer of financial products and services into Lebanon under the Lebanese Capital Markets Authority’s regulations.
  • Advised the Commercial International Bank on the complex security structure of a multi-million cross-border facility provided to the Consolidated Contractors Group.

Lebanon > Commercial, corporate and M&A Tier 1

Abou Jaoude & Associates Law Firm‘s ‘professional, reliable and efficient‘ corporate team continues to be instructed in high-profile acquisitions, multi-jurisdiction restructurings and joint ventures in the financial, tech, consumer goods and pharmaceuticals sectors. In a recent matter, Souraya Machnouk and Carlos Abou Jaoude advised a Lebanese-Swedish consortium on a private placement for a first-of-its kind start-up tech project; the duo lead the practice with Simon El Kai and Ibrahim Barraj.

Practice head(s):

Carlos Abou Jaoude; Souraya Machnouk; Simon El Kai; Ibrahim Barraj

Testimonials

‘Professional team, reliable and efficient.’

‘Souraya Machnouk is a stand-out partner and astute operator.’

‘Outstanding professional capabilities, and a commercial business sense.’

‘The individuals truly stand out in their field.’

‘Souraya Machnouk and Ibrahim Barraj showed a high level of professionalism.’

‘Simon El Kai is efficient and professional.’

Key clients

Amazon

Ericsson

Thomson

Reuters Corporation

Moderna

Epic

Vorwerk International

The Body Shop

Mr. Carlos Ghosn

Elie Saab Group

Fadaat Media Group

ALMAZA Group

Benta Group

AJA Group

Sioufi Group

Malia Group

Work highlights

  • Advised NCR Corporation on an intra-group corporate reorganisation pursuant to the split of the group’s ATM and Commerce operations, spanning ten jurisdictions and involving the move of assets and agreements to a newly incorporated entity from an existing Lebanese branch.
  • Advised BENTA on its contemplated multi-million cross-border acquisition of the KSA subsidiary of the French global pharma group Sanofi.

Lebanon > Real estate and construction (including projects) Tier 1

The ‘resourceful‘ team at Abou Jaoude & Associates Law Firm is perhaps best known for its expertise in electricity and renewable energy projects. Souraya Machnouk ‘has extensive knowledge of the renewable energy market’, and recently advised Total Energies on the bankability assessment of Lebanon’s first solar power purchase agreement between the government and eleven licensed companies for the generation and sale of electricity from the first grid-connected privately-owned photovoltaic solar facilities across Lebanon. Machnouk co-heads the practice with firm managing partner Carlos Abou Jaoude.

Practice head(s):

Carlos Abou Jaoude; Souraya Machnouk

Testimonials

‘Amazing level of knowledge and professionalism.’

‘Souraya Machnouk is an amazing character. Extremely charismatic and eloquent. She masters her files and dives deep with her team to gather all the needed information in order to create a profound and intelligent analysis. We are lucky to have her on board. I cannot recommend her enough.’

‘Souraya is extremely knowledgeable.’

‘Firm was instructed due to its knowledge of the renewable energy market in Lebanon and experience on working with multidisciplinary teams. Great experience on negotiating with private or public parties.’

‘Souraya Machnouk has extensive knowledge of the renewable energy market in Lebanon, working for developers of projects. She is available, committed and pragmatic.’

Key clients

TotalEnergies

Qatar Energy

Air Arabia

ChevronBurmeister & Wain Scandinavian Contractor A/S (BWSC)

Lebanese Ministry of Energy and Water

Debbas Group

LibanPost

René Mouawad Foundation (RMF)

Laceco Architects & Engineers

Beit Misk (Renaissance)

Ahlam Lands

Batimat Group

Work highlights

  • Advised Qatar Energy on a major strategic upstream acquisition of a 30% stake in a consortium including French company TotalEnergies and Italian multinational company ENI for the multi-million exploration and production of gas in Blocks 4 and 9 offshore Lebanon under the first-ever Exploration and Production Agreements with the Lebanese Government.
  • Acted for Lebanese Government represented by the Ministry of Energy in relation to a US$300m crucial project to address Lebanon’s electricity crisis via a tripartite gas import agreements between Lebanon, Syria and Egypt.
  • Advised the Cyprus subsidiary of Newpark Resources Inc on its contemplated provision of services from Cyprus into Lebanon concerning offshore drilling activities under Lebanon’s first Exploration and Production Agreements.

Lebanon > Tax Tier 1

Abou Jaoude & Associates Law Firm‘s tax team garners praise for its ‘broad knowledge of the complexity of local tax laws, but also of the cross-border application of the tax regulations of other jurisdictions‘. The group is also adept at assisting with the tax aspects of transactions, corporate reorganisations, and employment-related matters. Restructuring expert Souraya Machnouk advised Subway on tax and regulatory matters concerning the liquidation and de-registration of its local branches, and firm managing partner Carlos Abou Jaoude stands out for being ‘knowledgeable of international taxation’.

Practice head(s):

Carlos Abou Jaoude; Souraya Machnouk

Testimonials

‘Their tax advice is always pragmatic, and they are well-respected by the public authorities and administrations.’

‘Carlos Abou Jaoude is financially savvy and knowledgeable of international taxation. Souraya Machnouk is an expert is group tax restructurings involving different jurisdictions.’

Key clients

Amazon

Thomson Reuters Corporation

NCR Corporation

3M Group

Ericsson

Collège Protestant Français

Laceco Architects & Engineers

ALMAZA Group

Benta Group

Mr. Carlos Ghosn

Work highlights

  • Advised Amazon (UK Headquarters) on tax and customs matters governing the shipment of products into Lebanon.
  • Acted as lead counsel to LACECO in relation to a highly complex cross-border corporate and tax restructuring and international expansion plan spanning five jurisdictions.
  • Advised US pharmaceutical company Organon on its Long-Term Employee Stock Incentive Plan.

Lebanon > Dispute resolution Tier 2

The disputes team at Abou Jaoude & Associates Law Firm is very well known for acting in high-profile arbitrations, with a solid track record in appearing in ICC and ICSID disputes in Paris and London. In a recent matter, the group advised Lebanese bank IBL on successfully preventing the enforcement of an arbitral award in a major US$100 million arbitration case against Iraq Telecom. Litigator Simon El Kai and Rania Khoury, who fields extensive expertise in international arbitration, jointly head up the practice along with managing partner Carlos Abou Jaoude.

Practice head(s):

Carlos Abou Jaoude; Simon El Kai; Rania Khoury

Testimonials

‘Quality legal advice.’

‘Rania Khoury exemplifies her commitment by consistently going above and beyond to meet client needs.’

‘Resourceful team. Great individuals with outstanding knowledge and professionalism.’

‘Very strong legal knowhow, very responsive, attentive to every detail. Always punctual and backed by strong arguments and legal articles, impressive research and capacity to understand different technical information.’

‘The team’s strengths lie in its understanding of the legal framework and expertise in the healthcare industry.’

‘The entire team at Abou Jaoude & Associates has a dedication to excellence. Partner Simon El Kai, in particular, consistently showcased a unique blend of strategic thinking and attention to detail to navigate complex legal issues.’

Key clients

Mr. Carlos Ghosn

Burmeister & Wain Scandinavian Contractor AJS (BWSC)

Central Bank of Lebanon

Ernst & Young

IBL Bank

Fransabank Group

Saradar Bank

Bankmed Group

Arab Finance Corporation (AFC)

Areeba Sal (M1 Group)

The Luxury Fund (TLF)

Capstone Investment Group

CTC Group (Samsung Lebanon)

LibanPost

Lebanese Broadcasting Corporation International Group (LBCI group)

BENTA group

Work highlights

  • Represented Carlos Ghosn, the former CEO of the Renault-Nissan Group, in multiple high-profile globally mediatized legal cases opposing him to Nissan/Renault and related parties.
  • Advised the consortium comprising leading energy companies Danish-BWSC and German-MAN Diesel on a high-profile ICC arbitration case against the Republic of Lebanon, concerning a €270 million FIDIC EPC contract for two power plant projects.
  • Represented a group of high-profile clients in highly mediatized hearings held in Beirut concerning money laundering and corruption investigations.

Firm overview: Abou Jaoude & Associates Law Firm is the largest multi-practice law firm in Lebanon, with a primary market position leading on complex first-of-their-kind transactions across all practice areas and industries, and a significant record acting on high-profile arbitration and litigation cases with an international reach. In addition to their thorough knowledge of the law, the firm’s diverse team of attorneys is distinguished by an in-depth specialization, a sharp understanding of its clients’ businesses and the industries they operate in, and a strategic pragmatic approach to legal advice.

The firm works closely with a number of top-tier legal correspondents in all key jurisdictions, allowing the firm to offer businesses in need of legal assistance in any country easy access to global advice. Many of the firm’s senior lawyers have international experience working with prominent global law firms and are admitted to practice outside Lebanon. The firm is a member of the International Bar Association, and has consistently been recognized as a tier-one market leader by prominent international legal directories, including Chambers & Partners, The Legal 500, and IFLR1000.

Representative experience: The firm handles major local and cross-border deals, and its unparalleled representative transactional experience includes advising on a wide spectrum of landmark transactions, namely, the largest-ever US$200m asset-backed issuance in Lebanon through the securitization of a major real estate portfolio, the acquisition of a listed bank in Europe, the US$150m cross-border syndicated facility led by a global bank to a telecoms group, the first-ever US$300m international syndicated financing of a renewable energy project in Lebanon, multi-million issuances of preferred shares and structured products by Lebanese banks, the first-ever Power Purchase Agreement with the Government of Lebanon, two EPC contracts for €270m reciprocating engines power projects in Lebanon, Lebanon’s first EPA for the exploration of offshore petroleum resources, the development of a major real estate project financed through the issuance of convertible profit-sharing bonds, the ground-breaking multi-bank private placement to finance the launch of a TV station, the largest private debt restructuring in Lebanon, and multi-million acquisitions and private equity transactions across all industry sectors.

The firm’s impressive record includes several high-profile mediatized international arbitration cases, namely representing a renowned TV station in winning an ICC against the largest production and media group in the Arab world, a major Danish/German EPC consortium in the ICC arbitration case against the Republic of Lebanon, several arbitration cases related to major real estate projects and investment funds, and major complex litigations cases in the FMCG, pharmaceutical and energy sectors. The firm is consistently solicited to participate in public policy and legislation reforms in collaboration with local and international governmental bodies.

Clients: Clients include major groups who contribute vitally to the country’s economic growth, and some of the world’s leading multinationals, namely commercial and investment banks, governmental agencies, investors, entrepreneurs, start-ups, insurance companies, trade companies, service providers, consultants, distributors, real estate developers, charitable organisations and private clients. Many of the firm’s clients maintain a strong international presence throughout the MENA region, the UK, Europe and the US.

Publications and speaking engagements: The firm regularly contributes editorial pieces to prominent publications and many of the firm’s attorneys are invited to speak at conferences on topics of interest. Recent conferences and editorial contributions include:

  • The Lebanon chapter of the Banking Regulation guide, published by Getting the Deal Through and edited by Wachtell, Lipton, Rose and Katz USA;
  • The Lebanon chapter of the Energy Regulation & Markets Review, published by The Law Reviews and edited by Latham & Watkins USA;
  • The Lebanon chapter of the Inward Investment & International Taxation Review, published by The Law Reviews and edited by Latham & Watkins USA;
  • The Lebanon chapter of the Data Protection in the Financial Sector guide published by One Trust Data Guidance;
  • The Beirut Energy Week;
  • The Annual Harvard Arab World Conference (HAWC).
Department Name Email Telephone
Corporate Law
Mergers & Acquisitions
Banking
Finance
Capital Markets
Energy
Project Development & Finance
Real Estate & Construction
Media
Financial Restructuring & Insolvency
Government Relations & Public Policy
Arbitration
Litigation
Tax
Telecommunications and Technology
Data and Privacy
Healthcare & Pharmaceuticals
Intellectual Property
Licensing, Agency & Distributorships
Franchising
Private Wealth and Family Offices
Employment and Benefits
Entertainment Law
Aviation
Number of lawyers : 40
Arabic
English
French
Geneva Group International (GGI) Global Network
International Bar Association
Loan Market Association (LMA)
American Lebanese Chamber of Commerce (AmCham)
International Chamber of Commerce (Lebanon Chapter)
Lebanese Franchise Association

Lebanon